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Triple Flag Acquires Silver and Gold Streams on Arcata and Azuca

1. Triple Flag acquires 5% metal streams in Peru for $35 million. 2. This expansion could enhance revenue and cash flow for TFPM.

M&A
+2.79%Current Return
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-0.83%S&P 500
$1703/05 07:33 AM EDTEvent Start
$17.47503/06 02:00 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions like this traditionally indicate growth potential and enhanced revenue streams. Historical precedent shows similar acquisitions positively influencing stock prices in resource sectors.

How important is it?

The acquisition directly enhances TFPM's asset base and may lead to higher future earnings, indicating significant relevance for investors. The cash consideration is sizable and reflects strategic growth.

Why Long Term?

The benefits from mining acquisitions typically materialize over an extended period, reflecting in future revenue increases. Past acquisitions in the mining sector often yield sustained growth leveraged from additional resource streams.

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Sierra Sun
TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announces that its wholly owned subsidiary, Triple Flag International Ltd., has acquired 5% silver and gold streams on each of the Arcata and Azuca mines in Peru operated by Sierra Sun Precious Metals S.A.C. (“Sierra Sun”) for total cash consideration of $35 million. All amounts are expressed in US dollars unless otherwise indicated. “We are pleased to anno.

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